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Marriot International

History and Growth

Marriott was founded by John Willard Marriot in 1927 when he and his wife, Alice Sheets Marriot, opened a root beer stand in Washington, D.C. As a mormon missionary in the summers in Washington D.C, Marriott was convinced that what residents of the city needed was a place to get a cool drink. The Marriotts later expanded their enterprise into a chain of restaurants and hotels.

They opened their first hotel, the Twin Bridges Marriott Motor Hotel, in Arlington, Virginia, in 1957. Their second hotel, the Key Bridge Marriott in the Rosslyn neighbourhood of the same city, is Marriott International’s longest continuously operating hotel, and celebrated its 50th anniversary in 2009. Their son, J.W. (Bill) Marriott, Jr., led the company to spectacular worldwide growth during his more than 50-year career. In March 2012, at age 80, he turned the CEO responsibilities over to Arne Sorenson, while he assumed the title of Executive Chairman.

Marriott International was formed in 1993 when Marriot Corporation split into two companies, Marriott International and Host Marriot Corporation. In 1995, Marriott was the first hotel company worldwide to offer guests the option to book reservations online.

The Marriot World Trade Center was destroyed during the September 11, 2001 attacks.

In 2002 Marriott International began a major restructuring by spinning off many Senior Living Services Communities and Marriott Distribution Services, so that it could focus on hotel ownership and management.

Marriott International owned Ramada International Hotels and Resorts until its sale on September 15, 2004 to Cendant. It is the first hotel chain to serve food that is completely free of trans fats at all of its North American properties.

In 2005, Marriott International and Marriott Vacation Club International comprised two of the 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W Bush.

On November 11, 2010, Marriott announced plans to add over 600 hotel properties by 2015, the bulk of the additions will be in the emerging markets of India, where it plans to have 100 hotel properties, China and Southeast Asia.

In December 2012, Guinness World Record officially recognised the 5 Star JW Marriott Marquis Hotel Dubai as the world's tallest hotel.

On January 27, 2015, Marriott acquired Canadian hotel chain Delta Hotels. Delta operates 40 hotels in Canada.

On 16 November 2015, Marriott announced the acquisition of Starwood Hotels and Resorts Worldwide. The deal is expected to close in mid-2016. The acquisition will give Marriott a larger non-US presence; approximately 75% of Starwood’s revenues are from foreign markets. The acquisition is the largest of its sort since 2007, when Blackstone acquired Hilton for $26 billion. There is a $400 million breakup fee if the transaction is not completed. Executives noted that total transaction and integration expenditures might exceed $100 million.

Marriott Number of Employees

The register is from 2007 to 2014